| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.3B | $5.2B | $4.2B | 3.0% | 27.7% |
| Op. Income | $1.8B | $1.7B | $1.3B | 5.1% | 44.7% |
| Gross Margin | 50.4% | 50.1% | 48.0% | 0.4pp | 2.4pp |
| Net Margin | 29.5% | 33.3% | 26.8% | -3.8pp | 2.7pp |
| EPS (Diluted) | $1.24 | $1.35 | $0.86 | -8.1% | 44.2% |
| Free Cash Flow | $1.6B | $2.4B | $1.5B | -33.1% | 9.3% |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $576M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $279M |
| Other Expenses | $0 |
| Operating Expenses | $856M |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $1.8B |
| Interest Income | $64M |
| Interest Expense | $42M |
| Other Income/Expenses | $30M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $291M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $102M |
| EBIT | $1.9B |
| EBITDA | $2.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $576M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $279M |
| Other Expenses | $0 |
| Operating Expenses | $856M |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $1.8B |
| Interest Income | $64M |
| Interest Expense | $42M |
| Other Income/Expenses | $30M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $291M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $102M |
| EBIT | $1.9B |
| EBITDA | $2.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $102M |
| Stock-Based Compensation | $97M |
| Deferred Income Tax | -$63M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $76M |
| OPERATING CASH FLOW | $1.8B |
| Capital Expenditure | -$185M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$927.0K |
| NET CASH FROM INVESTING | -$186M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$976M |
| Common Dividends Paid | -$292M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$1.3B |
| FREE CASH FLOW | $1.6B |
| Net Change in Cash | $304M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.7B |
| Short-Term Investments | $0 |
| Net Receivables | $3.6B |
| Inventory | $4.1B |
| Other Current Assets | $386M |
| TOTAL CURRENT ASSETS | $14.8B |
| PP&E (Net) | $2.5B |
| Goodwill | $0 |
| Intangible Assets | $1.8B |
| Long-Term Investments | $19M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.7B |
| TOTAL NON-CURRENT ASSETS | $7.1B |
| TOTAL ASSETS | $21.9B |
| Account Payables | $863M |
| Short-Term Debt | $754M |
| Deferred Revenue | $2.6B |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $6.7B |
| Long-Term Debt | $3.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $5.0B |
| TOTAL LIABILITIES | $11.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $8.8B |
| Retained Earnings | $30.2B |
| Treasury Stock | -$28.8B |
| Accum. Other Comp. Income | -$74M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.2B |
| TOTAL LIABILITIES & EQUITY | $21.9B |
| Total Debt | $4.5B |
| Net Debt | -$2.2B |
